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Heatwave in the Hamptons: Q2 home sales almost double since winter slump

…In the Hamptons this past quarter, there was “a combination of surge in sales and drop in inventory, [which] caused the pace of the market to accelerate rapidly,” said Jonathan Miller, president of appraisal firm Miller Samuel, who compiled Elliman’s report….

…“[People] saw the world wasn’t going to end in 2013,” Miller said. “A lot of people were holding back over the last two years because there was concern that interest rates would rise and prices would price some people out of the market. So we did have this sort of rush in the second quarter, year-over-year.”…

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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